BitGo, a digital asset infrastructure firm managing over $100 billion in assets, has obtained an extension of its license from Germany’s Federal Financial Supervisory Authority (BaFin), allowing it to provide crypto services to European investors.
The firm announced that its local subsidiary, BitGo Europe, is now authorized to offer custody, staking, transfer, and trading services. Institutional clients will also gain access to an over-the-counter (OTC) trading desk and various liquidity venues.
This extension builds on BitGo’s prior Markets-in-Crypto-Assets (MiCA) license, also granted by BaFin, and adds trading capabilities to its existing custody, transfer, and staking services. BitGo secured its initial MiCA license in May 2025, which permitted it to offer specific services to traditional institutions and crypto-native companies within the European Union.
Statista forecasts that cryptocurrency revenue in Europe will hit $26 billion this year, with Germany leading in adoption across the region.
Market tailwinds include favorable regulatory environments such as MiCA, heightened interaction between crypto-native firms and traditional finance institutions, and agreements that could encourage consolidation.
Related: BitGo supports Central Asia’s first spot Bitcoin ETF in Kazakhstan
Growing institutional interest in crypto
Institutional interest in cryptocurrencies has surged in recent years due to improved infrastructure and the emergence of crypto exchange-traded products (ETPs), enhancing sector credibility.
This surge has been accompanied by the establishment of regulations for crypto assets in regions like Europe and the United Arab Emirates, with the United States considering its market structure bill.
Among the significant players in the institutional crypto sector is Bullish, a crypto exchange tailored for institutions. It is set to debut in the US after obtaining a BitLicense and Money Transmission License from the New York State Department of Financial Services. Furthermore, on Tuesday, Standard Chartered’s venture capital division announced plans to create a $250 million digital asset fund in 2026.
Annabelle Huang, co-founder of Altius Labs, shared with Cointelegraph that the next phase of institutional crypto adoption is underway, as fintech companies like Robinhood and Stripe develop their own blockchains.
Magazine: Warning signs for Bitcoin as retail investors shift focus to institutions — Sky Wee
